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Band 1
Provided by Sherbir Panag
Governance, Investigations & White-Collar Crime Defense
Complex Disputes & International Arbitration
Sherbir Panag is the founder and managing partner of Panag, Babu & Sarangi - India’s largest white collar crimes and corporate governance law firm. Sherbir’s practice has consistently been listed as a market leader for white collar crimes in India and is ranked by Who’s Who Legal, Global Investigations Review, Chambers & Partners, the Legal 500, among others.
Sherbir is an advisor to the boards of several Fortune 500, FTSE 250, DAX 40 and NIFTY 50 companies and has led internal investigations and acted as defence counsel in several of India’s highest-profile cases, which have had an interplay with law enforcement in the United States, Europe and Asia. These matters have involved allegations of bribery and other misconduct under Indian and foreign anti-corruption laws; financial and regulatory fraud; procurement fraud; violation of sanctions laws; and violation of corporate governance norms. Sherbir’s representative experience spans the entire spectrum of the courts in India, including the Supreme Court.
Sherbir’s public service includes being a member of the B20 India’s Digital Transformation Taskforce and the Bureau of Indian Standards committee drafting an India anti-corruption standard. Sherbir was recently called upon as an expert nominee by the Government of India to engage with the Financial Action Task Force in 2023. He previously served on the B20 Indonesia’s Integrity and Compliance Taskforce and as the Vice Chairman of the Alliance for Integrity’s Advisory Group (an initiative by the German Government). Sherbir’s thought leadership is widely cited in academic papers and was even taken note of by the Australian Senate as part of a submission by the International Bar Association.
Sherbir is one of the few overseas door tenants from India and is a tenant with the Foundry Chambers in the United Kingdom. A fellow of the International Academy of Financial Crime Litigators, he also founded the Concilium Network – an international network of highly acclaimed white-collar crime law firms.
Sherbir is a member of the Entrepreneurs Organisation where he serves on the board of the Gurgaon chapter and a Senior Fellow at the Wharton School’s Carol and Lawrence Zicklin Center for Business Ethics Research. He regularly lectures and writes on the corporate governance and business ethics.
The NFRA Circular and Auditors’ Duty to Report Fraud in India
Anti-Corruption Report
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The Practitioner's Guide to Global Investigations 9th Edition
Global Investigations Review
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Corporate Investigations Laws and Regulations India 2025
ICLG
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Panoramic Anti-Bribery and Corruption 2025
Lexology
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In – Depth - International Investigations: India
Lexology
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In-Depth Year in review: international investigations in India
Lexology
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Disappearing messages: updating best practices
International Bar Association
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Diwali and Good Governance: Ethical Gift-Giving in India
The Anti-Corruption Report
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How to Customize Your Compliance Program in Response to India’s Updated Anti-Corruption Legislation
The Anti-Corruption Report
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Anti-Bribery and FCPA Compliance Guide for U.S. Companies Doing Business in India
Foley & Lardner LLP
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Ten Tips for Performing Effective Anti-Corruption Investigations in India
The FCPA Report
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Extradition Guide for India
Global Investigations Review
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Employee Terminations Stemming from Internal Investigations- Perspectives from the United States, Peru, Poland, Lithuania, Estonia and India
Foley & Lardner LLP
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Anti-Bribery Compliance meets Permits, Approvals and Licenses in India
IBA Anti-Corruption Committee
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Differences in the Application of the Attorney-Client Privilege in Different Jurisdictions and the Impact on Global Internal Investigations
The Society of Corporate Compliance and Ethics
Provided by Chambers
Provided by Chambers
Sherbir Panag brings together deep experience, commercial realism and remains approachable. He is very entrenched in every case that he is on and still knows the minutest of details.
He believes in delivering excellence and client-centricity every time.
Sherbir Panag brings together deep experience, commercial realism and remains approachable. He is very entrenched in every case that he is on and still knows the minutest of details.
He believes in delivering excellence and client-centricity every time.